SharifAzadeh
Short

EUR/AUD is getting prepared to start another leg down

FX:EURAUD   Euro Fx/Australian Dollar
43 2 1
As is shown on the chart, the recent upward move is seems to run its course near the top area of the channel. Taking into account the overall picture, this up leg is most probably a 4th wave counter-trend rally that should be ended soon and another leg down during a 5th wave should commence.
Where exactly are you proposing we enter and exit on this and where should a SL go?
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Greetings,

Entry point: 1.4053

Take Profit level 1: 1.3730

Take Profit level 2: 1.35

Stop Loss level: 1.44
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